Investors Source Partners with CashEdge to Provide Integrated Wealth Management and Account Aggregation Platform
CashEdge to Deliver Aggregated Data to Advisor Suite
Toronto, Canada – September 23, 2002 —Investors Source (www.investorssource.com), a leading provider of Financial Planning and Wealth Management software solutions, today announced a partnership with CashEdge Inc. (www.cashedge.com), a provider of advanced account aggregation and secure online money movement, to augment the Company's AdvisorSuite™ wealth management platform with advanced aggregation capabilities.
Utilizing CashEdge's advanced account aggregation solution, AdvisorSuite™ will integrate live financial positions from thousands of Web-based sources, enabling financial institutions to provide a higher level of service to their clients, including access to a full picture of financial holdings as well as off-book positions held at other firms.
"Through our relationship with CashEdge, our advisor clients will be able to access accurate, complete and up-to-date snapshots of clients' total assets and liabilities, eliminating hours of manual input," said Bruce Ramsey, VP of Product Development at Investors Source. "Over 5 million Canadians have online relationships with their financial institutions. These customers want access to their financial information with one password. They also want this information pre-populated into financial planning tools to enable their advisor to provide them with better advice," he added.
The AdvisorSuite™ platform enables clients to view a full, real-time picture of their investments, collaborate online with their advisors, and set and receive real-time alerts for notification of events relative to their investments. Clients maintain control over which accounts their advisor has permission to view, and within each account, the level of detail the advisor can access.
"A pioneer in aggregation, CashEdge has long realized that wealth management advisory services are a critical application for aggregated data," said Sanjeev Dheer, CEO of CashEdge. "We are thrilled to have partnered with a company like Investors Source that is so committed to this vision of using technology to maximize advisor relationships," he emphasized.
About Investors Source
Investors Source is a leading provider of software for the financial services industry in Canada. Since 1991, Investors Source has provided financial planning and portfolio management solutions to Financial Planners in Canada, and now in the USA. Their software is used by advisors of the leading mutual fund dealers in Canada, including Investment Planning Counsel, W.H. Stuart, and Berkshire Investment Group. Investors Source has also provided private labelled research portals to the discount brokerage community since 1999. Investors Source subsidiary, Zacks Canada Inc., is the exclusive marketer, to financial institutions and web sites in Canada, of Zacks Investment Research earnings estimates and fundamental data for public companies. Investors Source is headquartered in Toronto, Canada. For more information about Investors Source and its products, visit www.investorssource.com.
About CashEdge
CashEdge® provides innovative, online financial applications to banks, credit unions and wealth management firms. CashEdge's solutions include end-to-end online account opening and funding, funds transfer, small business payments and invoicing, and data consolidation. These proven solutions are flexible, scalable and supported by extensive risk management capabilities.
CashEdge has been ranked by Inc. Magazine as one of the 500 fastest growing private companies in the United States for two years in a row. In 2007 it was also recognized by the 2007 Deloitte Technology Fast 500 and Fast 50 as one of the nation's 500 fastest growing private companies and one of the 50 fastest growing companies in the New York area, respectively. The company currently serves hundreds of leading financial institutions including four of the top five banks, 23 of the top 100 banks, and 20 of the top 100 credit unions. CashEdge has offices in New York, Silicon Valley and India. For more information, please visit www.cashedge.com.
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